"Saudi Arabia Freight Transport Report Q4 2012" Now Available at Fast Market Research
Boston, MA -- (SBWIRE) -- 01/08/2013 -- The outlook for the Saudi Arabian freight transport sector is sanguine indeed. The government stimulus package continues to make itself felt through increased consumer confidence which is driving up container volumes at the kingdom's ports. This in turn will boost road haulage volumes. Total tonnage volumes at Saudi ports are also undergoing strong growth, and will be supported over the medium term by the massive house-building programme that is getting underway. The country is well supported by a growing fleet of dry and liquid bulk tankers which continues to expand through company mergers and vessel acquisitions, and the national air carrier, Saudia, has been generating strong revenue and volume growth in 2012. Specific investments in expanding the kingdom's maritime facilities, and in projects such as the Saudi Landbridge and the North-South railway, coupled with strong economic growth on the back of large oil receipts, will further boost freight volumes.
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